155. Deciphering the economy’s mixed signals
Inside the Strategy Room
The Psychological Overhang of Consumer Confidence
The labor market in the US, as we'll discuss in the scenarios, is in the sights of the Federal Reserve because that is now where inflation has moved too. As long as inflation is around, consumers are going to be in a really bad mood. It doesn't make any difference what's happening to their income. This is true both in the US and in Europe, where it levels of confidence, which we haven't since the financial crisis. There is a belief that the central bank is going to do with the red thinking on control inflation in the long term - just a question of how long does it take us to get there?
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